I hope everyone is having a wonderful July 4th weekend, hopefully filled with beach, pool and some BBQ. While last week was a short one, it came action packed with important data that sets the stage from here.
We have a complete absence from headline driving data this week. Tuesday has NFIB optimism and it will be interesting to see if vibes are improving. That’s about it other than the weekly data prints we get, and 3y/10y/30y auctions.
We are now grappling with our destiny. Demographics, deficits and tariffs are the drivers from here.
“Dread it, run from it, destiny arrives all the same” - Thanos.